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Home Questions FYFET5TZSM
Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Dissolution of Partnership Firm

Question:

A partnership firm can be voluntarily dissolved by the partners:

Options:

On Majority basis

On 3/4 Member"s decision

On 1/2 Member"s decision

None of these

Correct Answer:

None of these

Explanation:

The correct answer is option 4- None of these.

A partnership firm can not be voluntarily dissolved by the partners by anyone of the given options. It can be dissolved by the consent of all partners.

When all the partners agree for the same, the firm can be dissolved.
Dissolution by Agreement: A firm is dissolved : (a) with the consent of all the partners or (b) in accordance with a contract between the partners.

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